Audits and Reviews

An entrepreneur spends a tremendous amount of time working in the business developed by the individual. As the business develops, additional financial reporting requirements can be needed by the business for various purposes; bank financing, SBA loan requirements, bonding, or simply to provide the owner with comfort regarding the financial statements and systems of internal accounting control.

Certified Public Accountants can provide attestation to financial statements in various forms. Compilations, reviews and audits provide various levels of comfort on financial statements. The level of service required depends largely on the needs of the users of the statements.

These statements can be very useful for the Company and can be distributed to the following:

As these statements are signed by a CPA, the name we provide can bring a vast amount of credibility to the financial statements. As such, these financial statements may take you farther in your venture than other financial statements.

A compilation is the lowest level of attestation service that a certified public accountant can provide on financial statements. This opinion states that the CPA has not audited or reviewed the financial statements and therefore, takes no opinion on such statements. However, should information come to the attention of the CPA that the statements are not properly stated, the CPA is required to make appropriate changes to those statements to correct any misinformation. This level of service is also less costly to the company.

A review is the next level of service that a CPA can provide to a company. The opinion on the review states that the CPA is not aware of any material errors within the financial statements. Generally, relationships are examined, detail accounts are reviewed and the disclosures are determined to be fairly stated based upon information coming to the CPA's attention. Fees for this type of engagement are generally two-thirds of those charged for an audit.

An audit is the highest level of comfort that a CPA can provide on a company's financial statements. Certified audits provide a cornerstone to financial reporting.

During an audit, a CPA reviews, in detail, all material accounts related to the company's financial position. The systems of internal control is reviewed and tested to determine reliance and to uncover suggestions for improvement to the integrity of the system. The objective of an audit is to express an opinion on the financial statements taken as a whole. For the business owners, this provides to most useful information to the operation of the company.

By being involved in your company's financial statement process, we are then very knowledgeable about your business and can provide tax planning and tax saving opportunities, where available. Through our years of experience, we are very knowledgeable about different business entities and can help ensure that your business entity selection is the best for your needs.

Financial reporting is very important to the owners and creditors of a company. Grabau & Company, PC, can fulfill these needs in a timely and most effective manner.

We take our sales mark, excellence in a timely manner, very seriously. We can provide a very valuable asset both cost effective and efficient to small businesses by assisting not only in their financial reporting but in tax and financial matters beyond these boundaries.

Grabau & Company, PC, is a certified public accounting firm established in 1990 and located in Denver, Colorado. We have significant experience in performing audits, reviews and compilations for all types of business entities.